Auto Loan Calculator

2007 Vertex42, LLC

v 1.0

Download from Vertex42.com

Purchase Price (before tax)

Sale Price + Options
Destination charge
Title Transfer Fee
Other Taxable Fees
Purchase Price
State Sales Tax
Trade-In is Tax Deductible
Cash Rebate is Tax Deductible
State Sales Tax Rate
Net Taxable
State Sales (Excise) Tax

$
$
$
$
$

$
$

0
0
6.25%
20,000
1,250.00

40
0
0
0
3
3
0
0
0
46

Non-Taxable Fees

Registration
Late Registration Fee
Service Contract
Special Plate Fee
Administration Fee
Transaction Fee
Late Title Transfer Fee
Duplicate Title Fee
Other Non-Taxable Fees
Total Non-Taxable Fees

20,000
20,000

Loan Amount
Unpaid Loan Balance on Trade-In

Less Down Payment

Less Value of Trade-In
Less Cash Rebate

0
0
0

Total Loan Amount

http://www.vertex42.com/Calculators/auto-loan-calculator.html

21,296

Set to 0 if included in sale price

e.g. $10

If you don't know, set to FALSE

If you don't know, set to FALSE
e.g. $6.25%

e.g. $40 to $100

e.g. $10 per month
e.g. $250 to $1000 Read This
e.g. $25
e.g. $3
e.g. $3
e.g. $25 to $200
e.g. $25

Page 2 of 9

Auto Loan Payment Calculator

2007 Vertex42, LLC

Download from Vertex42.com

Inputs
Auto Loan Amount
Annual Interest Rate
Term of Loan in Years
First Payment Date
Frequency of Payment

Effect of Extra Payments

Total Payments
Total Interest
Reduced Interest
Number of Payments
Last Payment Date

20000
8.50%
3
1/1/2007
Monthly

Summary (with no extra payments)

Number of Payments
36
Rate (per period)
0.708%
Payment (per period)
$631.35
Total Interest
$2,728.63
Total Payments
$22,728.63
.

12

Balanc e

10

No Extra Payments

8
6
4
2
0

Due Date

Payment
Due

Additional
Payment

Interest

Principal

1/1/2007

631.35

0.00

141.67

489.68

2/1/2007

631.35

0.00

138.20

493.15

3/1/2007

631.35

0.00

134.70

496.65

4/1/2007

631.35

0.00

131.19

500.16

5/1/2007

631.35

0.00

127.64

503.71

6/1/2007

631.35

0.00

124.08

507.27

7/1/2007

631.35

0.00

120.48

510.87

8/1/2007

631.35

0.00

116.86

514.49

9/1/2007

631.35

0.00

113.22

518.13

10

10/1/2007

631.35

0.00

109.55

521.80

11

11/1/2007

631.35

0.00

105.85

525.50

12

12/1/2007

631.35

0.00

102.13

529.22

13

1/1/2008

631.35

0.00

98.38

532.97

14

2/1/2008

631.35

0.00

94.61

536.74

15

3/1/2008

631.35

0.00

90.81

540.54

16

4/1/2008

631.35

0.00

86.98

544.37

17

5/1/2008

631.35

0.00

83.12

548.23

18

6/1/2008

631.35

0.00

79.24

552.11

19

7/1/2008

631.35

0.00

75.33

556.02

20

8/1/2008

631.35

0.00

71.39

559.96

21

9/1/2008

631.35

0.00

67.42

563.93

22

10/1/2008

631.35

0.00

63.43

567.92

23

11/1/2008

631.35

0.00

59.40

571.95

24

12/1/2008

631.35

0.00

55.35

576.00

25

1/1/2009

631.35

0.00

51.27

580.08

26

2/1/2009

631.35

0.00

47.16

584.19

27

3/1/2009

631.35

0.00

43.03

588.32

28

4/1/2009

631.35

0.00

38.86

592.49

29

5/1/2009

631.35

0.00

34.66

596.69

No.

http://www.vertex42.com/Calculators/auto-loan-calculator.html

2007 Vertex42 LLC

Page 3 of 9

30

6/1/2009

631.35

0.00

30.44

600.91

31

7/1/2009

631.35

0.00

26.18

605.17

32

8/1/2009

631.35

0.00

21.89

609.46

33

9/1/2009

631.35

0.00

17.58

613.77

34

10/1/2009

631.35

0.00

13.23

618.12

35

11/1/2009

631.35

0.00

8.85

622.50

36

12/1/2009

631.37

0.00

4.44

626.93

http://www.vertex42.com/Calculators/auto-loan-calculator.html

2007 Vertex42 LLC

Page 4 of 9

v 1.0

ct of Extra Payments
$ 22,728.62
$
2,728.62
None
36
12/1/2009
Balanc e
No Extra Payments

Balance
$20,000.00
19,510.32
19,017.17
18,520.52
18,020.36
17,516.65
17,009.38
16,498.51
15,984.02
15,465.89
14,944.09
14,418.59
13,889.37
13,356.40
12,819.66
12,279.12
11,734.75
11,186.52
10,634.41
10,078.39
9,518.43
8,954.50
8,386.58
7,814.63
7,238.63
6,658.55
6,074.36
5,486.04
4,893.55
4,296.86

http://www.vertex42.com/Calculators/auto-loan-calculator.html

2007 Vertex42 LLC

Page 5 of 9

3,695.95
3,090.78
2,481.32
1,867.55
1,249.43
626.93
0.00

http://www.vertex42.com/Calculators/auto-loan-calculator.html

2007 Vertex42 LLC

Auto Loan Payment & Interest Comparisons

2007 Vertex42, LLC

Download from Vertex42.com

Auto Loan Amount

Annual Interest Rate
Term of Loan in Years
Frequency of Payment

Unless
Unlessotherwise
otherwiseindicated,
indicated,the
thecomparison
comparisontables
tablesare
are
based
basedon
onthe
theLoan
LoanAmount,
Amount,Interest
InterestRate,
Rate,Term,
Term,and
and
Frequency
Frequencylisted
listedto
tothe
theright.
right.These
Thesevalues
valuescan
canbe
be
changed
changedin
inthe
thePaymentCalculator
PaymentCalculatorworksheet.
worksheet.

20,000
8.50%
3
Monthly

Annual
Interest Rate
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%

Payment

Payment
572.85
581.62
590.48
599.42
608.44
617.54
626.73
635.99
645.34

Total
Interest
622.60
938.32
1,257.28
1,579.12
1,903.84
2,231.44
2,562.28
2,895.64
3,232.24

660.00

Total Paid
20,622.60
20,938.32
21,257.28
21,579.12
21,903.84
22,231.44
22,562.28
22,895.64
23,232.24

640.00

T otal Interest

# of Payments
6
12
18
24
30
36
42
48
54
60
66
72

Total Paid
20,498.76
20,932.80
21,372.66
21,818.64
22,270.80
22,728.60
23,192.40
23,662.56
24,138.00
24,619.80
25,107.72
25,601.04

Payment
3,416.46
1,744.40
1,187.37
909.11
742.36
631.35
552.20
492.97
447.00
410.33
380.42
355.57

Total
Interest
498.76
932.80
1,372.66
1,818.64
2,270.80
2,728.60
3,192.40
3,662.56
4,138.00
4,619.80
5,107.72
5,601.04

2,000.00

Payment
631.35
599.78
568.22
536.65
505.08
473.51

Total
Interest
2,728.60
2,592.08
2,455.92
2,319.40
2,182.88
2,046.36

700.00

Down Payment
$0.00
$1,000.00
$2,000.00
$3,000.00
$4,000.00
$5,000.00

Loan
Amount
20,000.00
19,000.00
18,000.00
17,000.00
16,000.00
15,000.00

Payment

600.00

T otal Interest

620.00
600.00
580.00
560.00

8.00%

7.00%

6.00%

5.00%

4.00%

Payment

1,800.00

T otal Interest

1,600.00
1,400.00
1,200.00
1,000.00
800.00
600.00
400.00
200.00

Num be r of Paym ents

0.00
12

18

24

30

36

42

48

54

60

500.00
400.00
300.00
200.00
100.00
$4,000.00

Dow n Paym e nt

$3,000.00

$2,000.00

$1,000.00

0.00
$0.00

http://www.vertex42.com/Calculators/auto-loan-calculator.html

Annual Interes t Rate

3.00%

2.00%

520.00

9.00%

540.00

66

2,500.00

Payment

2,000.00

T otal Interest

1,500.00
1,000.00
500.00
0.00

Paym e nt Fre quency

http://www.vertex42.com/Calculators/auto-loan-calculator.html

Semi-Monthly

Total
Interest
3,492.34
3,078.10
2,868.88
2,798.80
2,728.60
2,693.68
2,690.98

Monthly

Payment
7,830.78
3,846.35
1,905.74
1,266.60
631.35
315.19
290.91

Bi-Monthly

# of
Payments
3
6
12
18
36
72
78

Quarterly

Frequency
Annually
Semi-Annually
Quarterly
Bi-Monthly
Monthly
Semi-Monthly
Bi-Weekly

 2007 Vertex42, LLC

v 1.0

The
Thecalculations
calculationsin
inthis
this
worksheet
worksheetassume
assumethat
that
no
noextra
extrapayments
paymentsare
are
made.
made.

3,500.00

erest

3,000.00
2,500.00
2,000.00
1,500.00
1,000.00
500.00
10.00%

8.00%

7.00%

6.00%

5.00%

9.00%

0.00

al Interes t Rate

6,000.00

Payment
T otal Interest

5,000.00
4,000.00
3,000.00
2,000.00
1,000.00

e r of Paym ents
0.00
36

42

48

54

60

66

72

Payment

3,000.00

T otal Interest

2,500.00
2,000.00
1,500.00
1,000.00
500.00

$5,000.00

$4,000.00

w n Paym e nt

$3,000.00

$2,000.00

0.00

http://www.vertex42.com/Calculators/auto-loan-calculator.html

2,900.00
2,850.00
2,800.00
2,750.00
2,700.00
2,650.00
2,600.00

Payment

m e nt Fre quency

Bi-Weekly

Semi-Monthly

Monthly

T otal Interest

http://www.vertex42.com/Calculators/auto-loan-calculator.html